JET Issues in Public Finance
This is the third paper in our series looking at scaling financing to support the just energy transition in South Africa, in partnership with Krutham (formerly Intellidex). While the first two – on capital markets developments required to achieve scale and the particular challenges of financing the social or “just” projects in the transition at […]
Funding Social Justice in the Energy Transition
South Africa’s energy transition involves the decommissioning of its highly polluting, centralised energy system (what we are transitioning out of) and the creation of a new green economy powered by renewable energy (what we are transitioning into). This transition has implications for patterns of ownership and employment. Who gains, and who loses, is a social […]
Financing South Africa’s Just Energy Transition
The Just Energy Transition (JET) requires substantial quantities of new finance, continually, over a long period of time. Transitions could take 30 years for emerging markets (EMs) such as South Africa and estimates range on the investment needed for the country from R4tn to R8.5tn. It will be a steady pathway towards net zero over […]
Priorities for an Equitable Reform of the Global Financial System
There is a growing consensus worldwide to overhaul the global financial system in light of current realities. This is particularly critical in Africa, where novel liquidity approaches, wider access to affordable public and private funding, and debt relief are vital. These shifts are central to building the continent’s capacity for sustained transformative growth and resilience […]
Just Energy Transition (JET) Roundtable Report
The February 2023 Investing in African Mining Indaba marked the start of a series of quarterly roundtable discussions between the mining sector and social partners, on the topic of the Just Energy Transition (JET). While the series was initially spearheaded by Anglo American, the African Climate Foundation (ACF) and the Presidential Climate Commission (PCC), core […]
From Climate Risk to Resilience
Extensive work on adaptation, nationally, regionally and internationally (and across sectors) is being done and the climate and development imperative is well understood and endorsed. However, a chronic funding and implementation deficit persists. Africa needs a better “action” scenario that supports climate and economic resilience. This underscores the need for a more action-oriented approach to […]
Climate change fund replenishment falls vastly short
Senegal secures $2.7bn JETP funding
Senegal and the International Partners Group (IPG), comprising France, Germany, the EU, the UK and Canada, have announced a Just Energy Transition Partnership (JETP) – a deal that secures $2.7bn for Senegal’s efforts to achieve its transition to a low-carbon economy. Launched on 22 June at the Summit for a New Global Financing Pact in […]
Funding Social Justice in South Africa’s Energy Transition
South Africa’s energy transition involves the decommissioning of its highly polluting, centralised energy system (what we are transitioning out of), and the creation of a new green economy powered by renewable energy (what we are transitioning into). This transition has implications for patterns of ownership and employment. Who gains, and who loses, is a social […]
New Thinking Around Scaling JET Financing
South Africa’s energy transition involves the decommissioning of its highly polluting, centralised energy system (what we are transitioning out of) and the creation of a new green economy powered by renewable energy (what we are transitioning into). This transition has implications for patterns of ownership and employment. Who gains, and who loses, is a social […]
